Lucid (LCID) Prnewswire·2025-02-25 21:05Core Insights - Peter Rawlinson has transitioned from his roles at Lucid Group to become the Strategic Technical Advisor to the Chairman, while Marc Winterhoff has been appointed as the Interim CEO [1][2][3] - The Board of Directors has initiated a search for a new permanent CEO to support the company's strategic initiatives and long-term growth [2][3] - Rawlinson expressed pride in Lucid's achievements over the past twelve years, highlighting the company's growth from a small startup to a recognized leader in sustainable mobility [3] Company Transition - The leadership transition is part of Lucid's regular succession planning process, with the Board collaborating with an executive search firm to find a new CEO [2] - Winterhoff, with a strong background in the automotive industry, is expected to lead the company effectively during this transition period [3] - The company aims to ramp up production of the Lucid Gravity and prepare for the launch of three midsize platform vehicles while focusing on cost reduction [3] Company Overview - Lucid Group is a technology company based in Silicon Valley, specializing in advanced electric vehicles, including the award-winning Lucid Air and the new Lucid Gravity [4] - The company operates a vertically integrated factory in Arizona, emphasizing its commitment to innovation and energy efficiency in the EV sector [4]